Ciba
Long

History BEARS repeating itself? (LONG then SHORT)

FX:GBPJPY   British Pound/Japanese Yen
34 0 0
100 pips after last LONG (see earlier posting), still HOLDING LONG (with loose TP stop) until SHORT for the following reasons:

1) had to wait until after Carney spoke (looking at the market, I couldn't tell if he spoke or not)
2) first high speculation on JPY Tankan
3) then high speculation on GBP PMI
4) we're getting kind of heated

Say Manufacturing PMI meets expectation tonight, I believe people are going to take a breather. Wednesday's Construction PMI, not as interesting (?), but following the slower mortgage approvals, eh, ya not as interesting. Services PMI comes out Thursday - expecting to go LONG there. Brits are famous for their services, no?... I guess I should peak at this PMI's history.

So, two-day SHORT squeeze, AFTER finding a 15M BEARISH ENGULFING tonight. Can we get a Cup and Handle?! (again, see earlier posting)
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